China Coal Group, Partners Plan $5.6 Billion Chemical Project-China Mining
Updated: 2009-05-14
As noted above, this is a recent news release. The Chinese are proceeding, progressing, in their coal conversion industrialization.
Some excerpts:
"The parent company of Hong Kong-listed China Coal Energy Co., Shaanxi Yanchang Petroleum Group Co. and Thailand New Energy Chemical Investment Group signed an agreement on May 8 to build the coal-to-chemical plant in Jingbian of Shaanxi province, China National Coal said in a statement posted on its Web site yesterday... ."
"The project will initially have the capacity to turn coal into 1.8 million metric tons of methanol a year, which will then be processed into 600,000 tons of olefins, the South China Morning Post reported today, citing the Chinese coal company."
Methanol, Mike, is a pretty good liquid fuel in it's own right. Moreover, it's a versatile chemical processing raw material, and can even, such as via the Exxon-Mobil MTG process we've earlier documented, be converted on a commercial basis into gasoline.
